Locking in Profit on This Small-Cap Drone Name Before Earnings
The latest across our range of small-cap portfolio holdings.
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Last week, the portfolio rammed through a string of earnings releases that culminated with a 34% run for Rocket Lab (RKLB) on Friday. In covering those earnings, we fell a little behind on the dissemination of stock-specific news items related to this book. Let's catch up now.
Evolv Technologies (EVLV)
On Thursday, Evolv (EVLV) announced the launch of its new "Screened by Evolv" seal available to customers to be placed on entry doors and/or digital assets. This will provide a clear and recognizable signal that a venue or organization uses Evolv's advanced weapons detection technology as part of its security operations.
Planet Labs (PL)
On Thursday, Planet Labs (PL) Germany announced a two-year, seven-figure award from the Greek government to support the country's National Satellite Space Project. Signed through the European Space Agency on behalf of the Hellenic Ministry of Digital Governance and the Hellenic Space Center, this deal will include numerous data offerings, including near-daily medium-resolution imagery and high-resolution tasking to support a number of broad area monitoring initiatives.
Rocket Lab (RKLB)
On Monday, analyst Noah Poponak of Goldman Sachs (four stars out of five at TipRanks) reiterated his "hold" rating on RKLB, while increasing his target price from $73 to $76. According to TipRanks, Poponak has a 51% success rate over the past two years for an average return of 6.7%.
On Friday, analyst Gregory Pendy of Clear Street (5 stars out of 5 at TipRanks) reiterated his "buy" rating on RKLB, while increasing his target price from $88 to $98. According to TipRanks, Pendy has a 62% success rate over the past two years for an average return of 29.3%.
On Friday, analyst Jeff Van Rhee of Craig-Hallum (five stars out of five at TipRanks) reiterated his "buy" rating on RKLB, while increasing his target price from $85 to $95. According to TipRanks, Van Rhee has a 52% success rate over the past two years for an average return of 25.6%.
On Friday, analyst Trevor J. Walsh of Citizens JMP (five stars out of five at TipRanks) reiterated his "buy" rating on RKLB, while increasing his target price from $88 to $98. According to TipRanks, Walsh has a 66% success rate over the past two years for an average return of 28.1%.
On Friday, analyst Erik Rasmussen of Stifel Nicolaus (five stars out of five at TipRanks) was assigned coverage of RKLB by his firm, initiated a "buy" rating on RKLB, while increasing his firm's target price from $105 to $110. According to TipRanks, Rasmussen has a 74% success rate over the past two years for an average return of 42.4%.
On Friday, analyst Ryan Koontz of Needham (five stars out of five at TipRanks) reiterated his "buy" rating on RKLB, while increasing his target price from $95 to $120. According to TipRanks, Koontz has a 53% success rate over the past two years for an average return of 38.8%
On Friday, analyst Gautam Khanna of TD Cowan (five stars out of five at TipRanks) was assigned coverage of RKLB by his firm, initiated a "buy" rating on RKLB, while increasing his firm's target price from $90 to $120. According to TipRanks, Khanna has a 71% success rate over the past two years for an average return of 20.5%.
On Friday, analyst Sujeeva De Silva of Roth MKM (five stars out of five at TipRanks) reiterated his "buy" rating on RKLB, as well as his $100 target price. According to TipRanks, De Silva has a 58% success rate over the past two years for an average return of 52.6%
The Portfolio has a $112 target price on RKLB.
Snap Inc (SNAP)
On Monday, analyst Justin Patterson of KeyBanc (four stars out of five at TipRanks) reiterated his "hold" rating on (SNAP) , without setting a target price. Patterson has a 47% success rate over the past two years for an average return of 7.1%.
On Friday, analyst Youssef Squali of Truist Financial (four stars out of five at TipRanks) reiterated his "hold" rating on SNAP, while increasing his target price from $5.60 to $8. According to TipRanks, Squali has a 50% success rate over the past two years for an average return of 7.1%.
The Portfolio has a $7.50 target price on SNAP.
Velo3D (VELO)
On Thursday, analyst Jason Schmidt of Lake Street (five stars out of five at TipRanks) reiterated his "buy" rating on VELO, while reiterating his $18 target price. According to TipRanks, Schmidt has a 52% success rate over the past two years for an average return of 30.9%
The Portfolio has a $20 target price on VELO.
Upcoming Portfolio Earnings
-Evolv Technologies (EVLV) after the closing bell on Tuesday, May 12
-Velo3D (VELO) after the closing bell on Thursday, May 12
-Ondas Inc (ONDS) ahead of the opening bell on Thursday, May 14
-Sidus Space (SIDU) ahead of the opening bell on Thursday, May 14
Friday's Intention vs Friday's Actual Trade
Intention: Buy 100 shares of SNAP at $5.75 (limited) or better
Actual trade: Still nothing done, bid went unfilled
Monday's Intention
Buy back the one $13 ONDS call at $0.25 or better, taking a profit and closing the position.
Current Positions
Long 50 shares of EVLV at $6.0898. Last sale: $7.02.
Long 25 shares of (MBLY) at $8.92. Last sale: $9.21.
Long 150 shares of (OCUL) at $8.305. Last sale: $9.64.
Short one OCUL $11 Sep 18 call at $1.65, Last sale: $1.60.
Long 125 shares of ONDS at $9.4749. Last sale: $8.92.
Short one ONDS $13 June 19 call at $0.84. Last sale: $0.24.
Long 10 shares of PL at $37.18. Last sale: $38.97.
Long 12 shares of (PLTR) at $140.30. Last sale: $134.37.
Long 10 shares of RKLB at $65.173. Last sale: $105.31.
Long 125 shares of SIDU at $2.725. Last sale: $3.58.
Long 100 shares of SNAP at $5.9034. Last sale: $5.97.
Short one SNAP $7 June 19 call at $0.45, Last sale: $0.19.
Long 175 shares of SOFI at $15.9573. Last sale: $15.73.
Short one SOFI August 21 $20 call at $1.02. Last sale: $0.81.
Long 60 shares of VELO at $11.7427. Last sale: $13.37.
Cash: $506.41
Portfolio Value: $11,018.31, +10.2% from inception on March 24.
Related: Japan Stocks Burst Back After Latest Yen Intervention
At the time of publication, Guilfoyle was long EVLV, MBLY, OCUL, ONDS, PL, PLTR, RKLB, SIDU, SNAP, SOFI and VELO.
